The sea freight bunker fuel operation will change significantly when the IMO’s global 0.5% fuel sulphur content cap is enforced from 2020, with shipping lines looking to pass on the additional costs.
News / Industry News
Attracting 64,000 visitors from 125 countries Munich’s Transport Logistic is one of the industry’s biggest events, so when shippers and forwarders express concerns over the increasing decline in container carriers the press take notice.
The UK and South Korea have agreed a post-Brexit deal, which would mean that the two countries will maintain trade based on their existing free trade agreement with the EU.
Asia-Europe volumes may have fluctuated in the 1st quarter of 2019, but it doesn’t hide the fact that growth has been slowing and with 460,000 TEU of ultra-large container vessels scheduled for delivery this year, capacity is going to massively outstrip demand in 2019.
More transport problems could be unleashed, adding to the ongoing merchant haulage crisis, if staff at the UK’s biggest rail freight carrier vote for strike action in long-standing dispute.
DP World, owner of Southampton container port has issued an update outlining the root cause of the delays and their recovery plans to try and get the port back on track.
The European Commission is seeking views from stakeholders regarding the existing exemption of container shipping consortia from European Union antitrust rules that ban anticompetitive agreements between companies.
The difficulties facing the Turkish economy are varied and well-documented and may have some impact on the country’s logistics, as imports slow and exports become more challenging.
Leading the way for a global shipping industry that is bigger and more consolidated than ever: The Mumbai Maersk has broken the record for the largest amount of cargo ever stowed after leaving Malaysia last week with 19,038 TEU aboard.
